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Economy

“New York City’s Population Dips for First Time in Over a Decade”

“The nation’s largest city is losing population for the first time in more than a decade, new federal estimates show…” https://www.wsj.com/articles/new-york-citys-population-dips-for-first-time-in-over-a-decade-11555560060 This might not look like a business article at first glance. This is article is important in regards to… Continue Reading…

Business

“Amazon isn’t the only company that paid $0 in federal taxes last year”

“Under President Trump’s new tax law, 60 of America’s biggest corporations paid $0 in federal taxes in 2018, despite earning billions of dollars in profits. Amazon, Netflix, General Motors, Chevron, JetBlue, IBM and U.S. Steel were all among the companies… Continue Reading…

Banking, Business

“Small Business Loan Approvals At Big Banks Hit New High…”

“The approval percentage for small business loan applicants hit a record high of 27.3% at big banks ($10 billion+ in assets) in March, up one-tenth of a percent from February, according to the latest Biz2Credit Small Business Lending Index™. Approvals… Continue Reading…

Business, Investing

Sears On the Rebound?

‘After closing hundreds of locations in recent years, Sears plans to open three smaller stores in May in an attempt to reclaim shoppers by selling tools, appliances and other hard goods.” https://www.wsj.com/articles/sears-after-years-of-closures-is-opening-stores-again-11554379761 There seems to be some light at the… Continue Reading…

Economy

“US auto sales are falling as prices for new vehicles jump to highest ever”

“U.S. auto sales are falling as vehicle prices climb, indicating that buyers at the lower end are getting squeezed out of the new car market, according to a new industry forecast. First-quarter auto sales are expected to drop by nearly… Continue Reading…

Economy, Real Estate

“Trump Tax Reform Hits Home in Wealthy New York Suburbs”

“…Nearly 11 million taxpayers will be affected by the new cap on so-called SALT deductions on the taxes they file this year, and could lose out on a cumulative $323 billion, according to a February estimate from the U.S. Treasury… Continue Reading…

Economy, Real Estate

Exodus Incoming: “More than a third of New Yorkers say they can’t afford to live here”

“More than a third of all city residents say they can’t afford to live anywhere in the state — much less the Big Apple — and believe economic hardship will send them packing in five years or less, according to… Continue Reading…

Real Estate

“New Hotels Mushroom in Miami”

“Hotel construction is booming in Miami thanks partly to the growing appeal of the city’s downtown district and the flocking of well-heeled tourists to South Beach.” https://www.wsj.com/articles/new-hotels-mushroom-in-miami-11552993200 This looks like a hot spot for real estate. On a side note… Continue Reading…

Economy

“Your Social Security check won’t cover rent in these 8 states”

“According to data released earlier this year by apartment research site Abodo, national median rent in the country for a one-bedroom apartment hit $1,025 in 2018. This means 76 percent of the average Social Security benefit is being gobbled up by… Continue Reading…